When a 1099-B form is imported from a broker, if the Description field contains an ampersand (&) character, the import includes a description with only the part following the ampersand. For example:
- I sold shares of "HIMS & HERS HEALTH INC". The import shows the transaction as "HERS HEALTH INC".
- I sold shares of "INNOVATIVE SOLUTIONS & SUPPORT". The import shows the description for that transaction as just "S".
I see the same problem from two different brokers, so the problem appears to be in TurboTax and not with the brokerage firm. This isn't really a big deal since all the numbers add up. It just complicates matters when checking things over ("What the heck is this 'S' sale??", "Why can't I find 'HIMS' in my form 8849??").